Home Sales On The Rise
Share prices of Home Builder KB Homes soared 8% after a better than expected earnings report. Chief Executive Jeffrey Mezger said there was more demand from would-be home buyers in the first quarter than a year earlier. The company sold nearly 20% more homes in California last quarter, at an average price of $550,600 — about 5% higher than a year earlier. As one of the larger home builders in the United States, high demand and higher prices for KB Homes bodes very well for the overall U. S Housing market and the U.S. economy as well. To view then entire article from the Los Angeles Times CLICK HERE
